Many Highly Regulated Companies Have Made the Leap to the Cloud — You Can, TooDownload Point of View
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Many highly regulated companies have made the leap to the cloud. Here’s how to achieve cloud-enabled agility, scalability and innovation by rethinking and reworking your approach to compliance and governance.
Businesses like defense contractors, financial services establishments and healthcare organizations that operate in highly regulated industries must meet stringent compliance requirements such as NIST, HIPAA, SOX, NYDFS, GDPR, etc.
Such entities have concerns that the cloud will adversely impact their ability to fulfill both government-imposed and corporate compliance obligations. A breach of sensitive data could be catastrophic, leading to lost credibility or declining revenue for the business; it could even impact national security. Such entities may think that the cloud is less secure and less regulated. This leads them to conclude that they may not be able to meet their strict standards in a cloud environment.
But businesses should know that compliance is not a cloud roadblock. Instead, their resistance to cloud adoption can probably best be classified as a mental block. Many highly regulated companies have made the leap to the cloud. You can, too. Here’s how: